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Announced

Completed

CoAdvantage completed the acquisition of SourcePointe.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Outsourced HR and Staffing

Completed

human resources

Acquisition

Domestic

Majority

Private

Friendly

Single Bidder

Synopsis

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CoAdvantage, a national provider of strategic human resource solutions for small to mid-sized companies, completed the acquisition of SourcePointe, a provider of outsourced HR services. Financial terms were not disclosed. "We are excited to begin the new year with the addition of SourcePointe to the CoAdvantage family, bringing with it a high standard of service and an excellent team, led by Robby Pierce, CEO, who will remain in an integral role at the combined company. We are looking forward, with great optimism, to an exciting year in 2021, with a large investment in sales and technology as we continue to provide the small to mid-sized business community with excellent local service and the latest in HR technology," Clint Burgess, CoAdvantage President and CEO.

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